Nexus Industrial REIT (TSE:NXR.UN) Receives Average Rating of “Hold” from Analysts

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$8.34.

A number of research firms recently weighed in on NXR.UN. National Bankshares decreased their target price on shares of Nexus Industrial REIT from C$8.50 to C$8.25 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Raymond James Financial raised their target price on shares of Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. CIBC lifted their price objective on shares of Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Finally, TD Securities lifted their price objective on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th.

Insider Activity

In related news, Director Edwin E. Mclaughlin bought 3,372 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of C$7.91 per share, for a total transaction of C$26,678.25. Corporate insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Stock Up 0.3%

Shares of NXR.UN stock opened at C$7.83 on Friday. The firm has a fifty day moving average of C$7.80 and a 200-day moving average of C$7.34. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a 12-month low of C$5.98 and a 12-month high of C$9.12. The company has a market capitalization of C$759.66 million, a price-to-earnings ratio of 25.69 and a beta of 1.90.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Monday, September 29th. Nexus Industrial REIT’s dividend payout ratio (DPR) is currently 209.97%.

About Nexus Industrial REIT

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.